With a mix of both luxury and affordable segment, Mumbai’s residential real estate market has always attracted homebuyers towards itself. In recent times, many launches took place in the suburban areas of the city. Still, Mumbaikars are more attracted towards ready-to-move-in properties rather than under-construction or the newly-launched one located across areas of Navi Mumbai, Thane, and other suburban areas.

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So, check out top areas to buy ready to move in homes in Mumbai and other suburban areas:

For those who earn a monthly salary of 50-60 thousand, property purchase can be a preferable investment. In this salary bracket, one can easily afford a property worth Rs 25 Lakh- 35 Lakh with the help of home loan.

It would be better to go for a newly launched or under construction property as the prices are low in these stages. Localities like NH-24 and Noida Extension (Greater Noida West) have many options in the budget of 25-35 lakhs.

For the projects in NH-24 and Greater Noida West, developers are also offering the Deferred Payment Scheme and Subvention Scheme. Deferred payment scheme is the 40:60 plan and usually for a project that is about to complete. You have to pay 40% on booking and the rest 60% on possession. Some builders also offer 40:30:30 plan where you have to pay 40% on booking, 30% on a later date (say on structure completion) and the rest 30% at the time of possession.[Read more…]